People make less money, and prices are rising everywhere.
Housing prices are going crazy. 😢
Are we in a quiet recession already?
So many people earn less and everything costs more. Inflation has eroded earnings dramatically in real terms. Meanwhile, food, housing an all of the basics in life are sky high. pic.twitter.com/sfDnI6nJOy
— Wall Street Mav (@WallStreetMav) August 31, 2023
BREAKING: July PCE inflation, the Fed's preferred inflation measure, RISES to 3.3%, in-line with expectations of 3.3%.
Core PCE inflation rises to 4.2%, in-line with expectations of 4.2%.
This is the second inflation metric that jumped in July.
The inflation battle continues.
— The Kobeissi Letter (@KobeissiLetter) August 31, 2023
Another Great Depression or Worse?
🔊"We currently are earning less and spending more (adjusted for inflation) than at the worst point of the Great Depression" 🚨🚨🚨 pic.twitter.com/9WNYLQtQd4
— Wall Street Mav (@WallStreetMav) August 30, 2023
U.S. debt-to-GDP ratio is projected to rise to 200% by 2050
The government is going to face a major problem with the amount of money they will have to pay in interest pic.twitter.com/N6Amj0H2v9
— Bravos Research (@bravosresearch) August 31, 2023
$33 trillion in government debt
$2 trillion annual deficits projected for the next 10 years, taking us to $53 trillion in debt. 🤡
If we have a recession where taxes decline and spending increases for bailouts, stimmies, extra food stamps and unemployment benefits … we can… pic.twitter.com/oimtEfQKjE
— Wall Street Mav (@WallStreetMav) August 31, 2023